Golden Finance reported that U.S. Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "very likely" to become the new acting chair of the U.S. Securities and Exchange Commission (SEC). He pointed out that current Chair Gary Gensler will step down on January 20, 2025, after which the Republicans will take over the SEC, and Peirce is expected to succeed him.